EUR/USD: The EUR/USD has rallied massively, making the near-term bias to be bullish. However, the long-term bias is bearish. There is a support line at 1.2600 and a resistance line at 1.2700. Any movement above the resistance line at 1.2700 would mean the end of the long-term bullish bias.
USD/CHF: It is known that this pair simply moves in the opposite direction to the EUR/USD. Therefore, a rally in the EUR/USD would cause a bearish movement in the USD/CHF. Before the pair could reach the resistance level at 0.9700, it dropped by over 100 pips, going below the support level at 0.9600. There is a weak rally in the market, but the price could go further south to test the support level at 0.9550.
GBP/USD: This pair fell sharply last month, testing the accumulation territory at 1.5950 before the close of the market last week. This week, the pair has rallied by over 140 pips from that accumulation territory, and it has the potential to continue going up. The bearish outlook is still valid in the near-term, but the bearish outlook may be rendered invalid when the price goes above the distribution territory at 1.6200.
USD/JPY: The recent weakness in the Greenback has caused this pair to drop again, leading to a Bearish Confirmation Pattern in the market. A movement below the support level at 108.00 would make the Bearish Confirmation Pattern to be very strong.
EUR/JPY: This is a bear market, which still finds it very difficult to breach the demand zone at 137.00 to the downside. For the bearish bias to continue to be valid, the demand zone must be breached to the downside and the price must close below it. Otherwise, there is a possibility that the price may go up towards the supply level at 138.50.